You can secure your peace of mind by buying individual health plans to see you through the rough days when the spiraling costs of medical bills will only add to your woes. Usually people are satisfied by the health plan options offered by their companies, because it relieves them of the headache of hunting for a suitable health plan on their own and also from the formality of doing the necessary paper work.
Before deciding upon the health plan that suits your needs, you should first be aware of the plans that exist in the market. These plans can be broadly categorized under managed health care plans and fee-for-service health plans.
Managed care plans: These health plans are comparatively cheaper than the fee-for-service health plans, but if you need to be hospitalized, then you'll first need the approval of the insurance company, otherwise you may not be covered for the medical and hospital bills.
Fee-for-service is the traditional health care plan and offers you the freedom to choose your own service providers and hospitals. On the flip side, these plans are more expensive than managed care plans.
To decide which plan suits you best, you need to consider many factors. For example, you may be traveling around a lot. Let's say you choose the managed care health program. You may face problems, since the doctors and hospitals covered by these plans are restricted and if the listed ones are not present in the area you are in, you will not be covered for the medical bills.
You must try to find out how the plan works to ensure good medical care. Some plans have their report cards, which are reports of surveys conducted on consumer feedback, preventive care, follow up of test results and more. Also, keep a lookout for magazine articles, which rate health plans. Additionally, you can also talk to the current members of the plan to get their feedback.